Pittsburg County, Oklahoma
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Lexington Resources reports that the Bryce #3-2 Coal Bed Methane ("CBM") gas well
has resulted in initial flow rates of 500 to 600 thousand cubic feet per day
from the Hartshorne Coal target producing zone. The well feeds directly into
the prospect's existing pipeline infrastructure to provide immediate gas
sales. Although gas quality is not yet determined, management estimates that
gas quality will be similar to the Company's successful Kellster 1-5 and
Kyndal #2-2 wells that average approximately 0.94 to 0.95 BTU factor gas.
Well completion follows the successful drilling of the horizontal gas well to
vertical depths of approximately 2,400 feet with an approximate 2,000 foot
horizontally drilled section.
The Bryce #3-2 well is the third of four to five horizontal gas wells that
are to be drilled on the Company's Wagnon lease located in Pittsburg County,
Oklahoma. The well is undergoing dewatering processes predictable to CBM gas
wells that can incline in production once dewatering phases expose further gas
producing reservoir rock.
Next Drilling Targets: Site preparations are currently being made for the
upcoming drilling of the Company's fourth Wagnon lease well. Drilling plans
and preparations are also in progress in anticipation of drilling on the
Company's Coal Creek prospect.